Thursday, August 13, 2009

ch-ch-cheque this out...

USAA, a small US bank and insurance company (outside of the top 20) are updating their iPhone app with a cheque deposit function.

A customer snaps both sides of the cheque with the iphone’s camera then the app pings the pictures to USAA and your account is credited.

“We’re essentially taking an image of the [cheque], and once you hit the send button, that image is going into our deposit-taking system as any other [cheque] would,”
Wayne Peacock, a USAA executive vice president.

Full article from New York Times

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